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LivingSocial Shuts Torrance Facility, Cuts 400

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In a major Los Angeles area layoff, daily deals and offers service LivingSocial is closing a sales facility in Torrance, and cutting 400 employees throughout the company, as part of a restructuring. livingsocial torrance layoff jobs employment daily deals restructuring marketing' READ MORE>>.

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Verengo Solar Sells Assets In Bankruptcy Sale

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Torrance-based residential solar installer Verengo Solar announced late Friday that it has sold substantially all of its assets to Crius Solar Fulfillment LLC , which is a subsidiary of Crius Energy Corporation. Financial details of the sale were not announced. READ MORE>>.

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PixelFish Nabs $4M For Online Video Ads

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Torrance-based PixelFish , which provides online video marketing products to local businesses, announced Thursday that it has raised $4M in a funding round. PixelFish said the funding will go towards sales, marketing, and technology. PixelFish said the funding will go towards sales, marketing, and technology. READ MORE>>.

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LiveOffice Claims Revenue Growth

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Torrance-based LiveOffice , the cloud-based email archiving and compliance software firm headed by Nick Mehta, is claiming another record quarter. The privately held firm, which did not disclose actual financials, claimed it had 111 percent sales growth, year-over-year, from first quarter of 2010.

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PC Mall Buys eCOST.com

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Torrance-based PC Mall said today that it has acquired the assets of eCOST.com , an online electronics retailer, from PFSWeb , in a deal worth $2.3M. PC Mall said that eCost had approximately $76M in sales for the 12 months ending September 30, 2010, and that it also acquired approximately $1M in inventory with the acquisition.

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LiveOffice Claims Another Quarter Of Growth

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Torrance-based LiveOffice , which provides hosted email archiving, email compliance, and backup services, reports today that it has what it says was another great quarter for growth. LiveOffice attributed the growth to its channel sales efforts. READ MORE>>.

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Southern California Firms Make Inc. 500

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San Diego-based MedVantx ranked at number 13 on the list; Woodland Hills-based ReachLocal was 39; San Diego-based BridgePoint Education was 50; Santa Monica-based International Checkout ranked at 61; Torrance-based Flipswap at 81; and Irvine-based ClinAssure was at 85. billion in sales.